Study the following case/situation and express your opinion. (a). He wants to transfer one share each to his wife, daughter, and son. Can he do so?

Question

Study the following case/situation and express your opinion.

Mr. R holds 100 shares of Peculiar Co. Ltd. In Demat mode.

(a). He wants to transfer one share each to his wife, daughter, and son. Can he do so?

(b). Does he need to submit DRF or DIS if he wants to transfer his shares?

(c). Can he nominate his wife in his Demat account?

Answer 1

(a) Yes, Mr. R can do so, as under dematerialized securities market lot is of one share.

(b) He needs to submit DIS (Delivery Instruction Slip) if he wants to transfer his shares.

(c) Yes. Mr. R can nominate his wife for the Demat account.